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Corey Frayer

@csfrayer.bsky.social
2K followers 475 following 2.2K posts

First in line to dance on the crypto industry's grave. Director of Investor Protection - Consumer Federation of America. Former: Crypto Adviser to Gensler SEC. House and Senate Banking Committees.

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Corey Frayer @csfrayer.bsky.social · 3h
How many CLARITY Act autopsies are we at? It's like a whole class of seventh grade biology students sharing one frog. www.coindesk.com/news-analysi...
coindesk.com
Crypto industry gave $8 million to Clarity Act lobbyists who didn't close the deal
In the first half of this year, the sector poured millions into lobbying, with most of it tied to pushing the U.S. market structure bill to a goal it never reached.
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Corey Frayer @csfrayer.bsky.social · 29/09/2026
With the caveat that there are still *a lot* of truly excellent career staff policy experts working on the Hill, this is spot on. Also - the deference to lobbyists by staff isn't just lack of expertise or due to lavish trips or gifts, it's the lure of landing an extremely high-paying lobbying gig.
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Corey Frayer @csfrayer.bsky.social · 29/09/2026
Me, trying to fit in with the guys by talking about the 'big game between the Sixers and the Packers' last night.
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Corey Frayer @csfrayer.bsky.social · 29/09/2026
A couple things: Anthropic isn't making a huge bet with their IPO, they're asking us to make a huge bet buying it. Securities lawyers - isn't leaking this info prior to filing a gun-jumping violation? www.reuters.com/business/fin...
reuters.com
EXCLUSIVE: Anthropic's IPO prospectus shows sweeping AI vision, surging costs
Anthropic is making a massive bet that AI will transform the global economy more profoundly than ​industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But ...
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Corey Frayer @csfrayer.bsky.social · 28/09/2026
A rogue superintelligent AI agent caused extinction via hackswarm in this newsletter New CFA EyeOnTech eyeontech.substack.com/p/a-rogue-su...
eyeontech.substack.com
A rogue superintelligent AI agent caused extinction via hackswarm in this newsletter
Plus, FTC Wants Surveillance Pricing Transparency (only) and more on the CLARITY Act’s failure
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Corey Frayer @csfrayer.bsky.social · 28/09/2026
Brian Armstrong: CLARITY failed because the big bank cartel stepping on your necks killed it Also Brian Armstrong: Citi Expands Digital-Assets Footprint With Coinbase Partnership www.wsj.com/finance/curr...
wsj.com
Exclusive | Citi Expands Digital-Assets Footprint With Coinbase Partnership
Coinbase, the largest U.S. crypto exchange, will provide the digital rails enabling the bank’s corporate clients to make payments with stablecoins.
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Corey Frayer @csfrayer.bsky.social · 24/09/2026
It's like they're only competitive bidding for dad's unavailable love.
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Corey Frayer @csfrayer.bsky.social · 23/09/2026
STOP ME BEFORE I KILL AGAIN!
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Corey Frayer @csfrayer.bsky.social · 22/09/2026
"All credit and debit transactions will be *settled* in SoFi USD" (SoFi's stablecoin). The GENIUS Act did nothing but give giant payment incumbents an end-run around protections that used to exist on credit and debit tx. www.barrons.com/articles/sof...
barrons.com
SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
The program will process more than $25 billion in transactions annually, SoFi said.
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Corey Frayer @csfrayer.bsky.social · 22/09/2026
Looking like a cyclist struck and killed in DC's Logan Circle. Terrible sign of what's to come as Trump continues his attacks on our already inadequate cycling infrastructure. www.popville.com/2026/09/deve...
popville.com
Developing: Cyclist said to have been struck and killed in Logan Circle - PoPville
"Dear PoPville, Does anyone know what’s going on at Rhode Island and Logan Circle NW? Street is closed and there’s a ton of police." Another reader shares with me that a cyclist "Swerved in front of a...
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Corey Frayer @csfrayer.bsky.social · 21/09/2026
The ability to wash trade your prediction market bets on crypto assets that are regularly wash traded provides liquidity, or something. www.coindesk.com/markets/2026...
coindesk.com
Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades
A trader alleged on X that Kalshi is inflating trading volumes in its ether perpetual futures.
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Corey Frayer @csfrayer.bsky.social · 21/09/2026
I've avoided AI as long as possible but have to play around with it for some investor protection research. Three inputs got me to "I might be breaking the law." It is everything I expected and then some.
A chatGPT output stating there's a colorable case that it's in violation of the Investment Advisers Act.
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Corey Frayer @csfrayer.bsky.social · 21/09/2026
Sherrod - didn't even vote on the crypto bill, crypto announces $30 million against him. Susan Collins - voted against the bill, crypto announces nothing. Crypto is a right wing movement disguised as technology.
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Corey Frayer @csfrayer.bsky.social · 21/09/2026
Crypto is more a political movement than a financial one. Sherrod isn't in the Senate and didn't vote on the crypto bill but he's the target of crypto spending. Susan Collins is in the Senate and voted against the crypto bill and they aren't targeting her race. www.nytimes.com/2026/09/21/u...
nytimes.com
The Crypto Industry Targets Sherrod Brown of Ohio, a Top Democratic Senate Candidate
Angry after the defeat of a major crypto bill last week, the industry is planning to spend $30 million against Sherrod Brown in Ohio.
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Corey Frayer @csfrayer.bsky.social · 21/09/2026
First, Sherrod's going to win this seat. Second, saying crypto cost him the election is delusional. Trump beat Harris by 11% in Ohio while Moreno only beat Sherrod by 3.5%. He lost a brutal election in a red state determined at the top of the ticket. www.nytimes.com/2026/09/21/u...
nytimes.com
The Crypto Industry Targets Sherrod Brown of Ohio, a Top Democratic Senate Candidate
Angry after the defeat of a major crypto bill last week, the industry is planning to spend $30 million against Sherrod Brown in Ohio.
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Corey Frayer @csfrayer.bsky.social · 20/09/2026
Called this over a month ago. www.wsj.com/articles/how...
wsj.com
How Crypto Blew Its Big Moment
Plus, fading voter enthusiasm worries Republicans, and Ed Sheeran apologizes to his fans.
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Corey Frayer @csfrayer.bsky.social · 17/09/2026
Back in my day, video games were 8-bit and Presidential corruption meant selling weapons to countries run by religious authoritarians to fund drug-smuggling militias on an entirely different continent. Simpler times.
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Zach Everson @zacheverson.com · 17/09/2026
New: Trump called crypto "thin air." Last year, he reported $1.4 billion in income from it. Buyers of his crypto? They're an estimated $4.7 billion underwater. I made an 8-bit game out of it— 📈 Play as Trump: you cannot lose money. 📉 Play as an investor: you cannot win.
thinairrealmoney.com
‘THIN AIR,’ REAL MONEY — The Trump Crypto Game
An 8-bit game about real money. Play as Trump: you only make money. Play as an investor: you only lose. Every figure is drawn from Public Citizen's report and the sources it cites.
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Corey Frayer @csfrayer.bsky.social · 15/09/2026
I spent months at SEC working with crypto to help them comply with the law. Both sides of Congress criticized us for not getting a deal with them It's rewarding to watch this bill fail as Congress learns what I already knew: crypto doesn't negotiate in good faith www.coindesk.com/policy/2026/...
coindesk.com
Crypto’s biggest Senate push falls flat as the Clarity Act fails to clear a crucial procedural vote
The years-long effort to set U.S. regulations for crypto markets couldn't muster enough support to make the leap over the Senate's final 60-vote hurdle.
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Corey Frayer @csfrayer.bsky.social · 15/09/2026
Remember when Brian Armstrong threw a Twitter tantrum that killed the January markup, dragging things out for months and creating more problems every week? What an own-goal.
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Corey Frayer @csfrayer.bsky.social · 15/09/2026
Still a couple weeks left to try and negotiate but the sticking points seem immovable. The WH is not going to budge on ethics. Banks won't give on stablecoin yield. Fixing tribes and prediction markets costs defi industry support. Armstrong killed this with his January tantrum.
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Molly White @molly.wiki · 15/09/2026
Clarity Act has just surpassed 41 NOs in the cloture vote; it will not advance to a full vote. The bill is essentially dead in the water under this Congress.
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Jacob Silverman @jacobsilverman.com · 15/09/2026
GILDED RAGE: ELON MUSK AND THE RADICALIZATION OF SILICON VALLEY will be published in paperback, with a new afterword, next Tuesday. There are also cheap hardcovers on the 'zon. www.amazon.com/Gilded-Rage-...
amazon.com
Amazon.com: Gilded Rage: Elon Musk and the Radicalization of Silicon Valley: 9781399419987: Silverman, Jacob: Books
Amazon.com: Gilded Rage: Elon Musk and the Radicalization of Silicon Valley: 9781399419987: Silverman, Jacob: Books
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Indivisible ❌👑 @indivisible.org · 15/09/2026
TODAY: The Senate is expected to take up a bill that would turbocharge Trump’s corruption. There is absolutely no good reason for any Democrat to support this legislation. Email your senators and demand that they vote NO on the CLARITY Act.
act.indivisible.org
Urge Your Senators to Oppose and Stop Trump's Crypto Corruption
Last year, the House passed the CLARITY Act (H.R. 3633), a bill disguised as “crypto regulation” that actually serves the billionaires and bad actors at the center of today’s crypto chaos. This bill d...
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Molly White @molly.wiki · 14/09/2026
Corey Frayer (@csfrayer.bsky.social), former SEC crypto adviser on how carefully definitions were drafted to miss Trump’s actual businesses: “whoever wrote it knows Trump’s crypto businesses inside and out. And then they made sure Trump’s crypto businesses would remain outside and not in.”
As for what’s prohibited: “covered individuals”, including the president,4 will be barred from issuing or sponsoring digital assets, or “maintain[ing] a significant financial interest” in cryptocurrency companies.5 While this sounds like it should apply Trump’s multitudinous crypto ventures, the definitions are carefully drafted — almost as if to intentionally exclude the president’s ventures. Corey Frayer, the Director of Investor Protection at the Consumer Federation of America and former crypto adviser at the SEC during the Biden administration, wrote: “The way this section is written makes it clear that whoever wrote it knows Trump’s crypto businesses inside and out. And then they made sure Trump’s crypto businesses would remain outside and not in.”6
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Corey Frayer @csfrayer.bsky.social · 15/09/2026
Molly brings the goods on the meaningless ethics add to the Senate's crypto bill. @molly.wiki This ethics proposal is a cruel joke, it makes Trump's interests in crypto explicitly legal, and anyone who votes for it should be impeached for corruption. www.citationneeded.news/clarity-act-...
citationneeded.news
The Senate must reject the Clarity Act’s ethics charade
The supposedly “unprecedented” ethics restrictions exempt Trump’s crypto businesses and leave enforcement to his loyalists
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Robert Reich @rbreich.bsky.social · 14/09/2026
Shame on any Democrat who votes for the abominable pro-crypto CLARITY Act. Call your senators and tell them to vote NO when it comes up for a crucial procedural vote tomorrow: (202) 224-3121.
robertreich.substack.com
NO to Crypto
ALL Senate Democrats should reject the so-called “Clarity Act” when it comes up for a vote tomorrow
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Zach Everson @zacheverson.com · 14/09/2026
"You could fly an illegally gifted Qatari jet through the loopholes in the definition of 'issue' or 'sponsor' but the more important point is the President doesn’t even need to."
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Corey Frayer @csfrayer.bsky.social · 14/09/2026
Trump wrote his own ethics rules for the Senate crypto bill. They don't do anything. eyeontech.substack.com/p/clarity-ac...
eyeontech.substack.com
CLARITY Act Update - Ethics Schmethics
It’s Unethical to call this an Ethics Provision
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Indivisible ❌👑 @indivisible.org · 14/09/2026
The Senate could soon vote on a bill that would turbocharge Trump’s corruption. Since the GOP only needs to peel off a handful of Democrats to pass this crypto legislation, it’s extra important for the Senate to hear from us. Send an email and demand that your senators vote NO on the CLARITY Act.
act.indivisible.org
Urge Your Senators to Oppose and Stop Trump's Crypto Corruption
Last year, the House passed the CLARITY Act (H.R. 3633), a bill disguised as “crypto regulation” that actually serves the billionaires and bad actors at the center of today’s crypto chaos. This bill d...
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Corey Frayer @csfrayer.bsky.social · 14/09/2026
Trump is lining up his next crypto rug-pull with WLFI. (I feel like I got airdropped into a @zacheverson.com @molly.wiki collab.) www.washingtonsun.com/donald-trump...
washingtonsun.com
Is the Trump Family Preparing to Cash Out on Its Own Crypto?
President Donald Trump and his three sons have taken a step that would permit them to sell World Liberty Financial’s digital tokens.
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Corey Frayer @csfrayer.bsky.social · 09/09/2026
If scraping by is supposed to motivate people to work harder we're missing out on a lot of productivity gains by letting billionaires live comfortably. Surely they are the most skilled and hardest working of us all - with the right motivation they'd rebuild their wealth in no time!
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Corey Frayer @csfrayer.bsky.social · 09/09/2026
Will there be an ethics provision of the Senate crypto bill that would cover Witkoff and his family? No. No there will not.
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Corey Frayer @csfrayer.bsky.social · 09/09/2026
No one is more qualified to deal with the crypto scam epidemic than President Trump. Not only is he a crypto expert that knows where the bodies are buried - he buried many of them personally.
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Corey Frayer @csfrayer.bsky.social · 08/09/2026
The one thing about crypto that's kinda honorable is their stated commitment to helping low-income folks across the world. Or something. finance.yahoo.com/markets/cryp...
finance.yahoo.com
Coinbase CEO Brian Armstrong, worth $9.3 billion, says he refuses to set up a charitable foundation
Brian Armstrong says charities and philanthropies "are actually net negative on the world."
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Ashley 🧿 🚲 🧶 @streetpaint.org · 08/09/2026
I wear my helmet so they won’t victim blame me is a sentiment I feel so hard. Listening to the new @thewaroncars.bsky.social podcast, you should too!
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Corey Frayer @csfrayer.bsky.social · 04/09/2026
It's obvious that AI music generation should be murdered in the cradle - God help us. www.rollingstone.com/music/music-...
rollingstone.com
Jason Isbell Claims Suno Used Artists' Identities to Train AI 'Without Consent' in New Lawsuit
Jason Isbell is leading a new lawsuit that accuses Suno of training its AI music model on artist identities in violation of right-of-publicity laws.
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Katie Martin @katie0martin.ft.com · 03/09/2026
Crypto eh? Great bunch of lads.
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Corey Frayer @csfrayer.bsky.social · 31/08/2026
Another big crypto exploit - $75m. What's interesting is Cronos, supposedly defi, stopped the network and is considering reversing transactions. Just 6 validators control over 50% of the Cronos network, which is affiliated with crypto.com "Decentralized" www.coindesk.com/tech/2026/08...
coindesk.com
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Corey Frayer @csfrayer.bsky.social · 28/08/2026
"duh" but we'll take the W www.cnbc.com/amp/2026/08/...
cnbc.com
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
The Ninth Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a Third Circuit ruling from April.
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Corey Frayer @csfrayer.bsky.social · 26/08/2026
I've lost count of the number of times crypto has claimed regulations don't apply because they are beanie babies. Scratch the surface of a cryptobro and there's a bronie.
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Corey Frayer @csfrayer.bsky.social · 26/08/2026
In yet another crypto market/prediction market parallel, they just can't compete on a level playing field. The products shouldn't be available on any platform including Cboe, but it remains illustrative. All they sell is regulatory arbitrage. www.bloomberg.com/news/article...
bloomberg.com
Kalshi Looks to Regulators to Delay Competing Products From Cboe
Kalshi is asking regulators to delay products from one of its competitors, Cboe Global Markets Inc., as the friction between upstart prediction markets and incumbent financial exchanges heats up.
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Tech Oversight Project @techoversight.bsky.social · 26/08/2026
TOP's @sachalouise.bsky.social: "This is a historic settlement that will have a lasting impact, but we cannot truly protect all children and teens until these protections are required on every platform and are permanent – that’s something only Congress can do." techoversight.org/2026/08/26/...
techoversight.org
The Tech Oversight Project Statement on Historic Multi-State $17 Billion Settlement with Meta - Tech Oversight Project
Statement from Sacha Haworth, Executive Director of The Tech Oversight Project: “Twenty-nine attorneys general dragged Meta into court and forced it to protect our kids — overnight shutoffs, daily limits our kids can’t loosen without a parent, and an independent monitor watching Meta’s books for a decade. Meta must now pay over $12 billion to […]
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Corey Frayer @csfrayer.bsky.social · 26/08/2026
I imagine this has been pointed out already but Trump, W, and Clinton all happen to be 80.
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Corey Frayer @csfrayer.bsky.social · 26/08/2026
Got another one. 🚲
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Corey Frayer @csfrayer.bsky.social · 25/08/2026
Dolly wasn't just an insanely talented musician and actress and businesswoman and philanthropist but the embodiment of the idea that you can be wildly successful and still maintain your humanity and humility. Truly a legend in her time. www.nbcnews.com/news/us-news...
nbcnews.com
Dolly Parton, country music icon, dies at 80
Her death came after in May 2026 she announced she was canceling a Las Vegas show and said she’d been undergoing treatment for kidney stones for several years.
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Corey Frayer @csfrayer.bsky.social · 20/08/2026
Context like this is a good reminder that economics and finance are inherently politics.
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Corey Frayer @csfrayer.bsky.social · 19/08/2026
If you're at the White House crypto meeting and you see this post will you please ask Brian Armstrong if he thinks blowing up the January markup was a good strategy? thehill.com/video-clips/...
thehill.com
Watch live: Trump delivers remarks on US tech innovation
President Trump will give remarks Wednesday afternoon from the White House on strengthening U.S. innovation and dominance in the technology sector. CEOs from several crypto companies, including Rip…
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Corey Frayer @csfrayer.bsky.social · 19/08/2026
Deep dive on SEC's "Regulation Crypto" forthcoming. Incredible how un-thoughtful and unjustified it is. Exemptions bear no relationship to properties of the technology and SEC can't preempt Congress and the courts regarding the definition of a security. www.sec.gov/files/rules/...
sec.gov
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Corey Frayer @csfrayer.bsky.social · 18/08/2026
The degree to which crypto has to be treated like a special snowflake just to be mildly competitive is hilarious. Why can't they use Reg A? Reg D? www.sec.gov/newsroom/pre...
sec.gov
SEC Proposes New Regulation Crypto Assets
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